Friday, May 9, 2008

Method of Payment

(1) An insurer shall pay a benefit under this Regulation,
(a) by mailing or delivering a cheque payable to the person entitled to the benefit to the address where the person ordinarily resides; or
(b) with the consent of the person entitled to the benefit, by electronic funds transfer to an account in the name of the person. O. Reg. 403/96, s. 44 (1).
(2) Despite subsection (1),
(a) an insurer may arrange to be invoiced directly and to pay directly for goods or services provided in respect of an insured person;
(b) an insurer may pay a benefit into court under section 271 of the Insurance Act; or
(c) where the person entitled to the benefit has so directed in writing, an insurer shall pay the benefit directly to the person who submitted an invoice in respect of the benefit to a central processing agency in accordance with subsection 44.1 (1). O. Reg. 403/96, s. 44 (2); O. Reg. 533/06, s. 11.


No comments: